Project Overview

Indian Institute of Technology, Delhi is one of the premier institutions in technical education not only in the country but around the world. The institute wants to move their accounting process from single entry system to double entry accounting system on accrual basis. The scope of work of this project includes preparation & Verification of annual accounts of the institute, designing an SRS document for the system and the accounting system for the institution, framing of Accounting Policies and formats of financial statements, preparation of Accounts Manual for double entry system on accrual basis, preparation of User Requirement Specification Document for software development/customization, services in respect of e-TDS and other income tax matters. Our services involved;

• Technical Assessment: studying and analyzing the existing system, designing the SRS document for the new accounting system particularly to move from single entry to double entry accrual based accounting system; SRS document would also describe the newly identified features along with specifications that can be web enabled to be used in future.; Guidelines for making changes in all the supporting modules including scholarship, inventory, asset management, guest house, grants management among others are provided to the institute
• Business Process Re-engineering: Providing BPR including the preparation of an accounting manual for the institute involving the design of Chart of accounts with account codes and formats for books of accounts and vouchers and a User Requirement Specification document for software development or customization at the institute for double entry accounting system on accrual basis
• Capacity Building: Capacity building of the users at all levels in the institution; TSCPL provided staff training and capacity building based on the new accounting manual and chart of accounts for IIT staff.